Weekly Real Estate Market Activity Report

Weekly Real Estate Market Activity Report April 16, 2012

Twin Cities Weekly Real Estate Market Report April 16, 2012

The Month’s Supply of Inventory of Homes is much less than at this time last year

Market sentiment can become a self-fulfilling prophecy.

Weekly Real Estate Market Activity Report

Just as negative economic news sent a chill through the housing industry over the last several years, a newly confident consumer buying up excess inventory and further housing-related sundries helps stabilize and support home values. Some sellers are even starting to see rising prices. The numbers are beginning to reflect the fact that multiple offers on homes for sale are now more than anecdotal conversation between real estate professionals. For this week, new listings were down while purchase contracts were up compared to the same week in April 2011.

In the Twin Cities region, for the week ending April 7:

• New Listings decreased 19.0% to 1,411
• Pending Sales increased 15.5% to 1,036
• Inventory decreased 27.3% to 17,289

For the month of March:

• Median Sales Price increased 7.1% to $149,900
• Days on Market decreased 9.4% to 145
• Percent of Original List Price Received increased 3.8% to 92.1%
• Months Supply of Inventory decreased 38.5% to 4.7



Merry Christmas and Happy New Year!
Tempor placerat pid penatibus eros facilisis rhoncus magna non sed dis risus. Ac ut! Vel vut enim porta lectus est habitasse egestas in. Augue dapibus odio! Rhoncus porttitor scelerisque sagittis, elementum magna, vut scelerisque enim elit parturient dignissim platea vel nascetur porta lacus mid odio, in ut, rhoncus, platea etiam enim quis integer placerat, mid, natoque, non scelerisque non!
Santa Claus
Turpis dis amet adipiscing hac montes odio ac velit? Porta, non rhoncus vut, vel, et adipiscing magna pulvinar adipiscing est adipiscing urna. Dignissim rhoncus scelerisque pulvinar?
Nisi mus sit lectus, velit tincidunt? Aliquam. Adipiscing a duis, enim purus dis, etiam odio auctor sed pulvinar proin dolor. Egestas dolor ridiculus elit lacus nunc quis aliquet. Aliquet et. Nunc et, tristique amet sagittis integer magna.
Please enter your name & email address to subscribe to our newsletter.